Trading Statement

Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

14 February 2012

Mondi Group: Trading Statement

As part of the dual listed company structure, Mondi Limited and Mondi plc
(together 'Mondi Group') notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the Listings Requirements of
the JSE and/or the Disclosure and Transparency and Listing Rules of the United
Kingdom Listing Authority.

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon as they become
reasonably certain that the financial results for the period to be reported on
next will differ by at least 20% from those of the previous corresponding
period.

Mondi is currently finalising its results for the year ended 31 December 2011,
which will be released on 23 February 2012. As announced in Mondi's Interim
Management Statement released on 31 October 2011, the Group's underlying
operating profit in the third quarter 2011 of €136 million (year to date €490
million) was well above that of the comparable prior year period but below that
achieved in the previous quarter (€175 million). It can now be confirmed that
the underlying operating profit for the fourth quarter of 2011 is expected to
be similar to that of the comparable prior year period. Underlying operating
profit for the year ended 31 December 2011 is expected to be considerably
higher than that of the comparable prior year period.

Furthermore, in the prior year, the Group recognised a net special item charge
after tax of €15 million. The equivalent special item charge for the year ended
31 December 2011 is around €53 million. A €4 million net special item gain was
recognised in the first half, with a net charge of circa €57 million taken in
the second half, mainly related to asset impairment costs in Aylesford
Newsprint (€33 million) and restructuring and asset impairment costs in the
Bags & Coatings business.

As reported in the interim management statement of 31 October 2011, the
recapitalisation and demerger of Mpact (formerly Mondi Packaging South Africa)
and the related Mondi Limited share consolidation have been completed. The
results of Mpact will be presented as a discontinued operation in the financial
results of the Group at 31 December 2011 with comparative information restated
accordingly.

Accordingly, Mondi advises that it expects earnings per share (`EPS') for the
year ended 31 December 2011 to be within the ranges shown below:

  * basic earnings per share - alternative measure (euro cents) 69 to 74 (2010 45.6)
   
  * basic earnings per share (combined operations) (euro cents) 64 to 69 (2010 44.1)
   
  * basic headline earnings per share (euro cents) 67 to 72 (2010 47.0)
   
Consistent with the half-yearly financial statements, the directors have again
elected to present an alternative, non-IFRS, measure of underlying earnings per
share from continuing operations ("Basic earnings per share - alternative
measure"). In terms of this measure the recapitalisation and demerger of Mpact
and the Mondi Limited share consolidation have been adjusted to reflect the
position as if the transaction had been completed at the beginning of each
period presented. This will enable a useful comparison of underlying earnings
per share from continuing operations, based on the consolidated number of
shares, which will be the basis of the future performance of the Group.

Mondi has disclosed basic EPS which comprises the total operations of the Group
including the discontinued operation and the effect of special items.

The disclosure of basic headline EPS is required under the Listings
Requirements of the JSE Limited and has been calculated in accordance with
Circular 3/2009 as issued by the South African Institute of Chartered
Accountants.

The above information has neither been reviewed nor audited by Mondi's
auditors.

End

Contact details:

Mondi Group
David Hathorn [phone]
Andrew King [phone]
Lora Rossler [phone] / [phone]

FTI Consulting
Richard Mountain [phone] / [phone]
Chloe Webb [phone]

Editors' notes:

Mondi is an international paper and packaging Group, with production operations
across 31 countries and revenues of €6.2 billion in 2010. The Group's key
operations are located in central Europe, Russia and South Africa and as at the
end of 2010, Mondi employed 29,000 people. (2010 figures include Mpact
Limited).

Mondi is fully integrated across the paper and packaging process, from the
growing of wood and the manufacture of pulp and paper (including recycled
paper), to the conversion of packaging papers into corrugated packaging,
industrial bags and coatings.

The Group is principally involved in the manufacture of packaging paper,
converted packaging products and uncoated fine paper (UFP).

Mondi has a dual listed company structure, with a primary listing on the JSE
Limited for Mondi Limited under the ticker code MND and a premium listing on
the London Stock Exchange for Mondi plc, under the ticker code MNDI, as well as
a secondary listing for Mondi plc on the JSE under the ticker code MNP. The
Group has been recognised for its sustainability through its inclusion in the
FTSE4Good UK, Europe and Global indices in 2008, 2009 and 2010 and the JSE's
Socially Responsible Investment (SRI) Index in 2007, 2008, 2009 and 2010.